1125 W 250 S - Apartments FOR SALE


American Fork, UT 84003
$5,900,000 USD
801-652-7397
1125 W 250 S, American Fork, UT for Sale
$5,900,000 USD
Apartments - FOR SALE
1/48
null | 4.44% Cap Rate

1125 W 250 S
American Fork, UT 84003


HIGHLIGHTS

  • Rare Investment Opportunity: Stabilized new 18-unit apartment building in American Fork,
  • Built in 2024: Modern, 3-story design with on-site management.
  • Prime Location: Walking distance to American Fork TRAX station; quick access to I-15, shopping, restaurants, and entertainment.
  • Amenities: Clubhouse, pool, hot tub, gym (currently under construction).
  • Anticipated rent increases: Current Rents are below market with anticipated increases.

OVERVIEW

Owner prefers to close after 01/01/2025, however Owner would consider December closing with a strong offer.

FOR SALE DETAILS

PRICE

$5,900,000 USD

PRICE/SF

$328 USD /SF

# OF UNITS

18

PRICE/UNIT

$327,778

CAP RATE

4.44%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Yard 18-plex Modern Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2024

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.59 AC

LAND SF

25,700 SF

ZONING

MF

APN/PARCEL ID

56-040-0003

ASK ABOUT THIS PROPERTY

Sam LevinUtah Income Properties, LLCMore Info
801-652-7397

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Sam LevinUtah Income Properties, LLCMore Info
801-652-7397

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.